Penalty u/s 271(1)(c) - Though the addition is confirmed by the ...

No Penalty u/s 271(1)(c) as Gross Profit Addition Was Estimation, Not Due to False Records or Transactions.

September 15, 2018

Case Laws Income Tax AT

Penalty u/s 271(1)(c) - Though the addition is confirmed by the CIT(A), but does not show that the assessee has not recorded any transaction in his books of account or any transaction recorded by him is false - Addition on account of gross profit was purely on estimation basis - No penalty

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Penalty u/s 271(1)(c) - Though the addition is confirmed by the ...

No Penalty u/s 271(1)(c) as Gross Profit Addition Was Estimation, Not Due to False Records or Transactions.

September 15, 2018

Case Laws Income Tax AT

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